Mr. Lee purchased a small condominium. He paid P350,000 as a down payment and agreed to pay P35,000 every 3 months for 5 years. The car seller figured interest is at 12% compounded quarterly. What is the prize of the condominium? a) P 870,711.62 b) P 809,017.02 c) P 940,463.11 d) P 520,711.62
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Mr. Lee purchased a small condominium. He paid P350,000 as a down payment and agreed to pay P35,000 every 3 months for 5 years. The car seller figured interest is at 12% compounded quarterly. What is the prize of the condominium?
a) P 870,711.62
b) P 809,017.02
c) P 940,463.11
d) P 520,711.62
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- Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000 every 3 months for 5 years. The seller figured interest is at 12% compounded quarterly. If Mr. Lee missed the first 5 payments, what must he pay at the 6th payment to keep him up to date?a.)P284,031.62b.)P356,450.23c.)P250,856.33d.)P226,394.35A man buys a house for $330,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 10 years. The interest rate on the debt is 8%, compounded semiannually.(a) Find the size of each payment.$ (b) Find the total amount paid for the purchase.$ (c) Find the total interest paid over the life of the loan.$Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000 every 3 months for 5 years. The car seller figured interest is at 12% compounded quarterly. What is the prize of the condominium?a.)P870,711.62b.)P809,017.02c.)P940,463.11d.)P520,711.62
- M purchased a small lot in a subdivision. paying P200 000 down and promising to pay P15 000 every 3 months for the next 10 years. The seller figured interest at 12% compounded quarterly. (a) What was the cash price of the lot? (b) If M missed the first 12 payments what must he pay at the time the 13th is due to bring himself up to date? (c) After making 8 payments. M wished to discharge his remaining indebtedness by a single payment at the time when the 9th regular payment was due what must he pay in addition to the regular payment then due? Include the Cash Flow Diagram.5) George wants to purchase a new house that costs $185, 500. The terms of the sale are 10% down payment and the rest to be paid off at a 5.75% interest rate compounded monthly for 30 years. paying $974.28 for his monthly payment b.) how much will george pay in interest for the life of the loanJunly bought a lot in Conel as his investment. The owner sell it for P^(10),000 down payment plus 99,000 quarterly installment for 7 years. What is the fair market value of the lot when money can earn 9% compounded monthly?
- Mr. Ramos buys a house and lot that cost P450,000. He pays P75,000 as down payment and promises to pay the balance by monthly installment for 25 years. If money is worth 12% compounded monthly, a. How much is the monthly amortization? b. What is the outstanding balance at the end of 15 years? c. What part of Mr. Ramos payment goes to the interest? d. What part of the 181st payment goes to repayment of the principal? e. Find the total interest paid on the transaction? Please do on excelYour sister bought a condominium unit for P9 300 000 through a condominium loan which she availed of from a universal bank at a fixed annual rate of 8% for 10 years.A. What amount is financed by the bank if she is required to pay an equity of 30% of the total price of the condominium?B. How much would be your sister’s monthly amortization if she is required to pay an equity of 30% of the total price of the condominium?Mr. Trafalgar Law purchased a house and lot worth P4,000,000. He paid a down payment of P1,500,000. He plans to amortize the loan of P2,500,000 by paying semi-annually for 5 years. The interest rate is 12% compounded semi-annually. (Round-off your FINAL answers to two decimal places but don’t round-off any intermediate answers in the table) What is the interest component of the 8th payment?
- 1. A house costs P500,400 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a sequence of 6 equal annual payments starting with one at the end of 4 years to discharge all his liabilities at 7% compounded annually. Find the annual payment which may be made for 6 years. 2.Mr. Tolentino wants to deposit a lump sum on the day his son is born into an account bearing an interest of 5% compounded annually in order to withdraw P35,000 each on his son's 18th, 19th, 20th and 21st birthdays How much is the lump sum?Mr. Trafalgar Law purchased a house and lot worth P4,000,000. He paid a down payment of P1,500,000. He plans to amortize the loan of P2,500,000 by paying semi-annually for 5 years. The interest rate is 12% compounded semi-annually. (Round-off your FINAL answers to two decimal places) How much is the monthly payment?A purchased a small condominium. He paid P350,000 as a down payment and agreed to pay P35,000 every 3 months for 5 years. The car seller figured interest is at 12% compounded quarterly. What is the price of the condominium?